Large holders of XRP accumulating significantly but should you get excited?

• One of the biggest cryptocurrencies in the industry, XRP is being added to big holders’ portfolios. 
• Even though the price of the asset is currently going through a stagnated period, many people seem interested in the token.

One of the biggest cryptocurrencies in the industry, XRP is being added to big holders’ portfolios. Even though the price of the asset is currently going through a stagnated period, many people seem interested in the token. 

Over the past few months, The token has been going through hard times. Especially when you compare it to other assets in the industry such as bitcoin and ETH. But even though there has been a relatively dull performance for the assets over the past few months, investors are sticking to their investment with determined accumulation.

Looking at data provided by ledger.exposed, big holders of XRP have been accumulating the alternative currency heavily. Revealed by the host of the BetterPRNow podcast, Mark Phillips on Twitter…

There is some serious $XRP accumulation among the largest wallets. Thanks (as always!) to @WietseWind for these stats at https://t.co/UiZDSweymA pic.twitter.com/KaTuv9hEBl

— Mark Phillips (@Mark_Phillips) June 24, 2020

Although it is probably worth noting that enthusiasts of the XRP token should not get too excited just yet as the current atmosphere in the market is more than likely to cross the bullish aspects for the future.

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!